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Central Bank of Russia Launches Digital Ruble Nationwide

Elvira Nabiullina, Governor of the Central Bank of Russia, announced at a press conference that interest in the Russian central bank digital currency (CBDC) was higher than expected. The digital ruble, which launched nationwide on September 1, has reached 270,000 accounts, with 15,000 by legal entities and the rest by individual entrepreneurs. The Central Bank of Russia is planning to launch new services to encourage adoption, including a subscription service and offline payment services next year.

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